
Iceland boosts reserves despite volatility in 2019
The Central Bank of Iceland increased its international reserves in 2019 in spite of forex interventions to stem the rapid fall of the króna in the first half of the year.
In dollar terms, the portfolio increased by 7.9% to $6.8 billion, up from $6.3 billion in 2018, said the central bank in a report published today (January 14). This performance boosted reserves to reach 28% of Iceland’s GDP, up from 26% in 2018. The portfolio now covers nine months of imports, up from eight.
This performance
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com